SUZHOU, China, December 23, 2024 /PRNewswire/ — GCL Energy Technology Co., Ltd., a leader in the clean energy sector, and Ant Digital Technologies, a pioneer in digital technology services and blockchain technology, have reached an important milestone by successfully completing the very first Real Emission project of World Asset Tokenization (RWA) in China photovoltaic industry, security 200 million yuan in cross-border financing. The revolutionary initiative on December 23 not only injects substantial new capital into GCL Energy Technology’s ambitious growth plans, but also establishes a new financing model for Chinese PV companies seeking to finance green projects internationally.
RWA represents a transformative approach to asset management, where physical assets are digitized as tokens on the blockchain, improving market liquidity and accessibility. For this inaugural issue, GCL Energy Technology symbolized two solar power plants of strategic importance in Hunan And Hubeiwith a combined capacity of approximately 82 MW, to spearhead this new financing frontier.
As a central entity of China largest private energy conglomerate, GCL (Group) Holdings Co., Ltd., GCL Energy Technology is at the forefront of integrating clean energy generation with comprehensive energy services and advanced digital operations. The company has significantly expanded its renewable energy footprint, with total installed capacity reaching 5,976.36 megawatts as of the expiration date. September 30, 2024and renewable sources constituting 57.81% of this capacity. Notably, under the GCL SUN brand, residential PV installations surged to 1,105.89 megawatts in over 36,500 homes, demonstrating robust growth.
This RWA initiative is a cornerstone of GCL Energy Technology’s strategy to leverage data for asset valuation, involving approximately 3,000 residential PV systems. By integrating cutting-edge artificial intelligence, blockchain and IoT technologies, the project aggregates and stores operational and revenue data on the blockchain. This dual-chain, single-bridge architecture has garnered strong support from leading global investors, reinforcing RWA’s role as a critical green finance tool that underscores the company’s commitment to sustainability and transparency.
The move not only strengthens GCL Energy Technology’s global ESG credentials, but also strengthens its position in the international market, aligning investors’ interests with the growing demand for environmentally friendly and low-carbon investments. Looking ahead, GCL Energy Technology remains committed to leading the charge in the renewable energy space, with a strategic focus on leveraging data to drive innovation in the sector and foster a transparent and effective ESG ecosystem.
During the show, Ant Digital Technologies highlighted that industries are increasingly adopting renewable energy and sustainable assets to drive sustainable growth, and its partnership with GCL Energy Technology aims to better support this trend. By leveraging blockchain and smart contract technologies, the collaboration has significantly improved the transparency and efficiency of asset management, operations and transactions, while reducing costs associated with these activities. The strategic alliance is a response to growing market demand in the photovoltaic sector, bringing substantial practical benefits to the real economy and demonstrating the scalability of these advanced technologies.
At the same event, strategic ties were further strengthened with a global partnership agreement signed with Ant Digital Technologies in Suzhou. The partnership will expand to include the joint construction, acquisition and securitization of new energy assets, covering distributed, commercial, industrial and residential photovoltaic plants.
In addition, the two parties will collaborate to develop applications of large AI models for various scenarios, including forecasting new energy production, optimizing energy management and intelligent operations, driving the industry towards improved intelligence and sustainability.
SOURCE GCL Energy Technology Co., Ltd.
